While Facebook didn’t make any major announcements last week, there was plenty of Facebook news to cover. Between new patents published and granted to Facebook and the integration of Facebook Page updated into Google’s real-time search, it was still another big week for the company.
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Launch a social media campaign that will build your brand and deliver results in our online Social Media Marketing Boot Camp starting June 7. Speakers include Abigail Cusick (Bravo Digital), Gregory Galant (Sawhorse Media), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews. 
Monday is the day that application notifications will finally be removed from the Facebook platform. While some developers are on edge, as they are concerned about the negative impact that the loss of notifications will have, Facebook is providing developers with advice on how to adjust. The primary piece of advice is to use the homepage counters, dashboard news stories, and request access to users’ email addresses.
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Bump technologies created quite a stir after launch a phone application which enabled you to exchange contact information with others by bumping your phones together. Today the company is announcing that they’ve upgraded their product to let you bump to become Facebook friends instantaneously. No more saying “I’ll friend you on Facebook” when you meet someone. No you can just do it on the spot!
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Looking to purchase shares of Facebook stock? Shares have been actively trading between $38 and $40 which gives Facebook a valuation of approximately $17 billion, more than the $15 billion valuation Microsoft first purchased shares for in October of 2007. It appears that shares have been sitting in this range for the past month or so.
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This evening LifeStreet Media has announced the acquisition of Social Cash’s ad network business, one of the leading monetization providers for application developers. In an effort build up the company’s position as “the largest social media ad network”, the company has decided to acquire all the assets of SocialCash. Given that it’s an asset acquisition, Social Cash will continue to operate as an independent company as they ramp up for a new product offering later this year.
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Facebook announced today an expansion to their Facebook Credits program, including a disclosure of the revenue share they’ll be taking. According to Deborah Liu’s post on the Facebook Developer blog, Facebook Credits supports purchase via fifteen currencies, several credit cards, mobile payments, and recently PayPal, and that they’ll be rolling out the program to more developers over time.
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On Tuesday, Facebook was awarded a major patent for “Dynamically providing a news feed about a user of a social network”. This is a huge deal for a number of reasons, most significantly that it grants Facebook the opportunity to pursue other social networks which are infringing on their patent. Included in the patent are additional claims including feed filters, feed advertising, searching the feed, and more. (update We’ve been told that this is about the implicit feed stories. Will update when we have more info.)
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Want to get millions of fans on your Facebook Page? You have a pretty good shot if your page involves pants or pickles. The latest Facebook Page phenomenon is one set up for the pants of the Norwegian olympic curling team. While the page probably wouldn’t have put Facebook in a pickle (I know, I know, corny pun!), the company decided to take it down for terms of service violations before being restored hours later following a protest.
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Last night a glitch in Facebook caused a limited number of users to have their Facebook inbox exposed to other users. While a Facebook rep is quoted as saying that their engineers had diagnosed the problem and are working on it, it begs the question of why such buggy code updates got through in the first place, as they violate users’ privacy.
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I’ve read some ridiculous articles in the past but this one takes the cake. This morning while reading through my feeds, I stumbled across an article which honestly states, “A new facebook application is ready that will literally kill other social networking platforms like Twitter and the recently launched Google Buzz. The news is definitely going to scare the hell out of Google and Twitter.” Can you feel the excitement?
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